Short-Run Models of Contrasting Natural Resource Endowments

S. Mansoob. Murshed

in Resource Abundance and Economic Development

Published in print October 2004 | ISBN: 9780199275786
Published online April 2005 | e-ISBN: 9780191602160 | DOI:

Series: WIDER Studies in Development Economics

Short-Run Models of Contrasting Natural Resource Endowments

More Like This

Show all results sharing this subject:

  • Economic Development and Growth


Show Summary Details


This chapter examines the links between natural resources, economic growth, and economic policy using a short-run theoretical macroeconomic model of a small open economy endowed with a natural resource exporting sector. It considers the short-run effects of resource booms, devaluation, and a consumption tax on the non-traded good. Typologies are developed, distinguishing between the East Asian (diffuse resource-rich) and Latin American (point-source linkages) cases.

Keywords: macroeconomic model; natural resource; Latin America; East Asia; economic growth; economic policy; resource boom; devaluation; consumption tax

Chapter.  6054 words.  Illustrated.

Subjects: Economic Development and Growth

Full text: subscription required

How to subscribe Recommend to my Librarian

Buy this work at Oxford University Press »

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.